SEVERAL INITIATIVES TAKEN BY THE GOVERNMENT TO FAST-TRACK EXPORTS AND IMPORTS

India, July 29 -- The Government of India issued the following news release:

The Government of India has taken many steps to fast-track exports and imports under the Authorized Economic Operator (AEO) framework. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.

The key steps taken includes the following facilitation measures for AEO certificate holders:



Higher level of facilitation in import and export of consignments; Facility of Direct Port Delivery (DPD) import containers and/or Direct Port Entry (DPE) for export containers; Automated Clearance and On-site examination for certain type of consignments; Facility of Deferred payment for Tier-III and Tier...